AltEnergy Acquisition Corp. (NASDAQ:AEAE) Sees Significant Growth in Short Interest

AltEnergy Acquisition Corp. (NASDAQ:AEAE) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 600 shares, a growth of 500.0% from the August 15th total of 100 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 500 shares, the short-interest ratio is currently 1.2 days.

AltEnergy Acquisition Price Performance

AEAE stock opened at $11.11 on Friday. AltEnergy Acquisition has a twelve month low of $10.46 and a twelve month high of $12.64. The business has a 50 day simple moving average of $11.61 and a 200-day simple moving average of $11.40.

Institutional Investors Weigh In On AltEnergy Acquisition

A hedge fund recently raised its stake in AltEnergy Acquisition stock. Robinson Capital Management LLC raised its holdings in AltEnergy Acquisition Corp. (NASDAQ:AEAE) by 48.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 53,959 shares of the company’s stock after acquiring an additional 17,508 shares during the quarter. Robinson Capital Management LLC owned 0.74% of AltEnergy Acquisition worth $588,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 19.97% of the company’s stock.

About AltEnergy Acquisition

AltEnergy Acquisition Corp. does not have significant operations. The company intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. AltEnergy Acquisition Corp. was incorporated in 2021 and is based in New York, New York.